Investing in Gold in Singapore - Lifting of the GST and Economic Freedom

This coming October, Singapore will be lifting the GST (Goods and Services Tax) on gold. Not only will that lessen costs, it will also lessen the burdens on trading gold itself. If you have been thinking about investing in gold as a hedge against inflation then Singapore is the place you want and it's not just the lifting of the GST, it's also the economic freedom that the Singaporeans are blessed with.

According to the Index of Economic Freedom made by The Heritage Foundation, a study on rating different countries' economies based on levels of liberalization, Singapore is the second most economically free country in the world. There are zero tariffs and burdens on international trade. 

Up to 80% of businesses in Singapore are also foreignly owned with the most minimal red tape and taxes. That is surely the market dictating that it is a good idea to invest in Singapore.

This kind of pro-market policies have made Singapore one of the most prosperous and peaceful countries in the world. There is very little crime and there is strong enforcement of the rule of law. Anti-corruption laws are strictly followed and there are big punishments for those who disobey them. So aside from a very liberal market, their government is not corrupt. This is truly such a perfect environment for entrepreneurship and investments.

There are many ways to invest in gold in this country. You can buy actual physical gold bullion like bars or coins and there are many safe storage facilities that really respect the individual's right to privacy.

There are also ways to invest online in case you are not residing in Singapore. For example, you can invest in gold in Singapore through BullionStar.com. Even with just a few clicks of a button, you can easily protect your earnings against inflation and at the same time make money with the growing opportunity because the price of gold will surely be on the rise very soon. 

In fact, it is one of the best investments I can recommend even against other commodities or stocks. Historically, it has always been the most stable and as economic crises all over the world are starting to emerge, it will be best to protect your money through gold. Not to mention that the decisions of central banks for continuous expansion of credit and increase in the money supply will continue to debase currencies all over the world.

I firmly believe that now is that time to buy gold and my recommendation is that you do so in Singapore.